SXY 1.59% $3.10 senex energy limited

Don't forget to account for the 20% CO2 content. So 8MMcfd is...

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  1. 795 Posts.
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    Don't forget to account for the 20% CO2 content. So 8MMcfd is actually 6.4 Mmcfd of petroleum gases. 


    On the other hand, the presence of liquids is extremely promising, both because they are a valuable byproduct themselves and because their presence would suggest there are heavier hydrocarbons in the gas also. Unlike CSG which is almost entirely methane, a gas that was richer in C2, C3, C4+ components would convert at much higher ratio than 1Mmcf:1GJ, it would be a far more valuable product indeed.


    I wonder when we will we see Gemba-2? This was an expensive well requiring a grant from the government so I wonder whether it still works as a standalone project. Is there infrastructure nearby? 

 
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